PLEASE HELP ME ANSWER THIS SHOW ALL WORK GIVE THOROUGH EXPLANATION PLEASE.

Part VI Homeownership It is now nearly nine years since you have graduated and you have begun house hunting. You have found three different houses that look promising. All of the houses are in high demand and you will have to offer full asking price: i. The first house is a 980 sq. ft., 2-bedroom/1.5bathroom ranch on 0.45 acres of land. It is priced at $100,000 and has yearly taxes of $4,320. ii. The second house is a 2-bedroom/2-bathroom, 1,020 sq. ft. bungalow on 0.1 acres of land. It is priced at $115,000 and has yearly taxes of $3,500. iii. The third house is a 3-bedroomf2-bathroom, 1,200 sq. ft. Cape Cod on 0.68 acres of land. It has yearly taxes of $4,500 and a list price of $120,000. You have also been talking to a bank and have found that you will need a down payment of at least 10% on any house you choose. You have your earlier investment (from Part IV) as well as an additional $5,500 tax refund you just received. - Calculate the minimum down payments for the three houses. - Which of the down payments for the three houses can you cover? 0 Determine how much money you will use for a down payment on each house you can cover. (Note: you can choose the minimum down payments, use all of mm savings for the down payment, or choose any amount in between.)